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GE Capital and RV Care Network Announce Floorplan Financing Agreement for Dealers - GE Capital and RV Care Network announce floorplan financing agreement for dealers (NYSE: GE)
GE Capital and RV Care Network Announce Floorplan Financing Agreement for Dealers

 

PRZOOM - /newswire/ - Mississauga, Ontario, Canada, 2010/05/11 - GE Capital and RV Care Network announce floorplan financing agreement for dealers (NYSE: GE). NYSE: GE

   
 
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GE Capital’s Commercial Distribution Finance (CDF) business in Canada announced today that it has entered into an agreement with RV Care Network Ltd. of Vancouver, BC to provide expanded benefits to its inventory financing program for RV Care members, a network of independent recreational vehicle dealers across Canada. This agreement is effective immediately.

"RV Care and GE Capital share a common goal of meeting the financial needs of our dealer network," said Earl Manning, RV Care’s Vice President. "We are pleased with our new arrangement and look forward to working with GE Capital to provide innovative financing programs and business insights to help our dealers grow."

GE Capital provides inventory financing to RV manufacturers and RV dealers throughout Canada, offering programs tailored to the unique dynamics of this industry.

“CDF Canada is excited to enter into this agreement, which further evidences our ongoing commitment to provide financing to the Canadian RV industry," said Peter Ringler, president and CEO of GE Capital's CDF Canada business. “We look forward to working together and providing smart growth for the group’s dealer network for the long term.”

About RV Care
The RV Care Network (rvcare.ca) was originally formed in 2000. Today the group includes 49 independent dealers across Canada, and is looking forward to adding more dealerships to serve the RV Care customers. The main goal of the RV Care Network is to help RV owners enjoy a safe and worry-free RV lifestyle.

About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance is a leading financing provider to manufacturers and their distributors. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, e-commerce services and related financial products. Additional information can be found online at ge.com/cdf or gecapital.ca/en/product/cdf.asp/.

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital).

GE (ge.com) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. From aircraft engines and power generation to financial services, health care solutions, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide.

Contacts:
Ned Reynolds, GE Capital
P: 203-229-5717
E: ned.reynolds[.]ge.com.

Earl Manning, RV Care
P: 604-882-2551
E: earl[.]rvcare.ca.

 
 
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GE Capital and RV Care Network Announce Floorplan Financing Agreement for Dealers

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